Premium Bonds
The Bonds are entered a regular prize drawing. You buy bonds which are each worth 1 and which each has an equal chance of winning so the more.
Prizes range from 25 to 1 million tax-free and.
. A Premium Bond is a lottery bond that is issued by the United Kingdom Governments National Savings and Investment Agency. Other prizes range from. Premium Bonds are an investment product created by National Savings and Investment NSI - in which savers are entered into a monthly draw.
Every month more than a million prize-winning Premium Bond numbers are chosen at random and two bond-holders pocket 1m each. Premium Bonds were first introduced by a man named Harold Macmillan in 1956. The more Premium Bonds you have the more you can expect to win but there are no guarantees.
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If you no longer want your Bonds entered the drawing the government will buy them back for the original price. NSI Premium Bonds are a savings account you can put money into and take out when you want where the effective interest paid is decided by a monthly prize draw.
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